That project saw the opening of a data centre in 2023, which provides cloud services to businesses and government institutions.
Polish Prime Minister Donald Tusk joined Microsoft President Brad Smith at a press conference to discuss the plans. The investment highlights the growing importance of cybersecurity in the partnership between Microsoft and Poland.
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Meta has announced plans for Project Waterworth, an ambitious 50,000km subsea cable system set to be the longest in the world. The infrastructure project aims to enhance global connectivity by linking the United States, India, Brazil, South Africa, and other regions. Designed with 24 fiber pairs, the system will offer significantly higher data capacity, supporting Meta’s growing AI-driven services and contributing to digital inclusion and economic growth in key markets.
The tech giant has been at the forefront of undersea cable development for over a decade, collaborating on more than 20 similar projects. With most of the world’s internet traffic reliant on such cables, concerns over security have intensified, particularly as geopolitical tensions rise. In response to recent incidents, NATO has increased surveillance of critical maritime infrastructure, while the UK is reassessing its ability to safeguard its undersea network against potential threats.
Meta plans to lay sections of the cable at depths of up to 7,000 meters and employ advanced burial techniques in high-risk areas to minimise risks. This move follows recent disruptions, such as the damage to Tonga’s undersea cable, which left much of the island in a digital blackout. Meanwhile, Meta’s decision to scale back fact-checking on Facebook and Instagram has drawn criticism, highlighting the broader implications of its expanding digital footprint.
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Argentine President Javier Milei has denied endorsing the LIBRA meme coin, which recently surged in value before collapsing, leaving investors with heavy losses. He stated that he merely shared information about the token and never encouraged people to buy in. According to Milei, only a few Argentine investors were affected, with most traders coming from China and the US. He disputed reports that 44,000 people lost money, insisting the real number was closer to 5,000, primarily experienced traders who understood the risks.
Milei explained that Hayden Davis, one of LIBRA’s backers, had proposed a financial structure to support entrepreneurs struggling to secure funding. Seeing potential in the idea, he simply helped spread awareness. However, after facing political backlash, Milei admitted he must be more cautious about his public statements, acknowledging that he still acts as he did before becoming president and needs to be less accessible.
The controversy has rattled Argentina’s political and financial landscape, with opposition leaders accusing Milei of misleading the public and calling for his removal. The anti-corruption office has launched an investigation, alongside a legal probe led by Federal Judge María Servini. Meanwhile, Argentina’s financial markets took a hit, with the S&P Merval stock index dropping by 5%. Despite Milei’s insistence that he acted in good faith, scrutiny of his administration continues to intensify.
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Vietnam is set to adopt new regulations allowing Elon Musk’s Starlink to offer satellite internet services in the country, granting it full control over its local subsidiary. This decision follows prolonged negotiations between Vietnam and SpaceX and marks a shift in Vietnam’s policy towards foreign investment in satellite internet services. The move is seen as a diplomatic gesture towards SpaceX, which could help alleviate tensions amid concerns over potential tariffs from US President Donald Trump.
The new rules, set to be approved by Vietnam’s parliament, will allow foreign companies with low-orbit satellite networks to operate under a pilot scheme until 2030. SpaceX’s efforts to enter Vietnam had previously been stalled in late 2023 due to a ban on foreign control, a requirement for Musk’s involvement. The new regulations are part of broader efforts by the Vietnamese government to remove obstacles in technological and scientific activities.
With plans for a $1.5 billion investment in Vietnam, SpaceX has been expanding its supplier network in the country. If Starlink attracts significant local subscribers, it could help reduce the growing trade surplus Vietnam has with the US, which reached a record $123.5 billion last year. As US tariffs continue to threaten Vietnam’s export-driven economy, the government is also seeking ways to balance trade by increasing imports from the US, including agricultural products.
The shift in Vietnam’s stance reflects a desire to play a more flexible role in international trade relations, especially as tensions between the US and its trade partners escalate under Trump’s administration. The outcome of this policy change could have significant implications for both Starlink’s expansion and Vietnam’s relationship with the US.
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A new report from Google states that cybercrime continues to expand, intersecting with state-backed cyber operations. Released ahead of the Munich Security Conference, research from Google’s Threat Intelligence Group and Mandiant outlines findings from their investigations in 2024 and trends observed over the past four years.
According to Google, financially motivated and state-backed cyber activities are becoming more interconnected. Cybercriminal ecosystems facilitate the acquisition of malware, vulnerabilities, and operational support, offering lower-cost alternatives to state-developed capabilities.
The report emphasises that while cybercrime and state-backed cyber operations increasingly overlap, responses to these threats require distinct strategies. Cybercrime often involves networks operating across jurisdictions, necessitating international collaboration to address its impact effectively.
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The French National Cybersecurity Agency (ANSSI) has released new guidance on securing AI systems, emphasising a risk-based approach to AI deployment. Several international partners, including Canada, Singapore, Germany, Italy, Norway, the United Kingdom, Estonia and others, have co-signed the document.
The publication highlights the growing integration of AI across sectors and the need for organisations to assess and mitigate associated risks, particularly as they adopt large language models (LLMs).
ANSSI outlines key security challenges specific to AI, including vulnerabilities in data integrity, supply chain risks, and the potential for AI systems to be exploited as attack vectors. The report identifies major risks such as:
Compromises in AI hosting and management infrastructure
Supply chain attacks targeting AI components
Interconnections between AI and IT systems increasing attack surfaces
Long-term loss of control over AI-driven processes
Malfunctions affecting AI system reliability
To address these challenges, the document advocates for a structured approach to AI security, recommending that organisations:
Align AI system autonomy with risk assessments and operational criticality
Map AI supply chains and monitor interconnections with IT infrastructure
Implement continuous monitoring and maintenance of AI systems
Anticipate regulatory and technological developments impacting AI security
Strengthen training and awareness on AI-related risks
The publication also advises against using AI for automating critical actions without safeguards, urging organisations to conduct dedicated risk analyses and assess security measures at every stage of the AI system lifecycle.
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A controversy has emerged over the British government’s reported attempt to compel Apple to grant authorities access to encrypted iCloud accounts, leading to calls for increased transparency from intelligence agencies. Sir Jeremy Fleming, the former head of the UK’s GCHQ from 2017 to 2023, addressed this issue at the Munich Cyber Security Conference, highlighting the need for public understanding and trust in intelligence operations. He emphasised that an agency’s ‘license to operate’ should be grounded in transparency.
The UK government has contested the description of a ‘back door’ in relation to the notice, clarifying that it seeks to ensure Apple maintains the capability to provide iCloud data in response to lawful warrants, a function that existed prior to the introduction of end-to-end encryption for iCloud in December 2022.
Since 2020, Apple has provided iCloud data to UK authorities in response to four of more than 6,000 legal requests for customer information under non-IPA laws. However, this data excludes requests made under the Investigatory Powers Act (IPA), the UK’s primary law for accessing tech company data.
Fleming emphasised the importance of intelligence agencies providing clear explanations of their operations, particularly in relation to new technologies. He pointed out the need for a better understanding of how intelligence agencies operate in practice, particularly as technological advancements change their methods.
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The Singapore government introduced three new AI governance initiatives to promote safety and global best practices. The initiatives include the Global AI Assurance Pilot, which focuses on testing generative AI applications; a joint testing report with Japan to enhance AI safety across different linguistic environments; and the publication of the Singapore AI Safety Red Teaming Challenge evaluation report, aimed at addressing AI performance across languages and cultures.
The announcement was made by Josephine Teo, Singapore’s Minister for Digital Development and Information, at the AI Action Summit (AIAS) in Paris. During her speech, Minister Teo emphasised Singapore’s commitment to fostering international collaboration on AI safety, noting the importance of understanding public concerns and ensuring AI systems are tested for safety and responsibility. She also highlighted the role of private sector partnerships in shaping AI use cases and risk management strategies.
The new initiatives include practical efforts to ensure AI models, particularly large language models (LLMs), are secure and culturally sensitive. The AI Assurance Pilot, for instance, will bring together global AI assurance vendors and companies deploying real-life GenAI applications to establish future standards for AI governance. The joint testing report with Japan aims to improve the safety of LLMs across multiple languages, addressing potential gaps in non-English safeguards. Additionally, the Red Teaming Challenge provided insights into AI performance and cultural bias, with participants testing LLMs for issues such as violent crime and privacy violations.
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A new study from the UK has raised concerns about the risks of bank runs fueled by AI-generated fake news spread on social media. The research, published by Say No to Disinfo and Fenimore Harper, highlights how generative AI can create false stories or memes suggesting that bank deposits are at risk, leading to panic withdrawals. The study found that a significant portion of UK bank customers would consider moving their money after seeing such disinformation, especially with the speed at which funds can be transferred through online banking.
The issue is gaining traction globally, with regulators and banks worried about the growing role of AI in spreading malicious content. Following the collapse of Silicon Valley Bank in 2023, which saw $42 billion in withdrawals within a day, financial institutions are increasingly focused on detecting disinformation that could trigger similar crises. The study estimates that a small investment in social media ads promoting fake content could cause millions in deposit withdrawals.
The report calls for banks to enhance their monitoring systems, integrating social media tracking with withdrawal monitoring to better identify when disinformation is impacting customer behaviour. Revolut, a UK fintech, has already implemented real-time monitoring for emerging threats, urging financial institutions to be prepared for potential risks. While banks remain optimistic about AI’s potential, the financial stability challenges it poses are still a growing concern for regulators.
As financial institutions work to mitigate AI-related risks, the broader industry is also grappling with how to balance the benefits of AI with the threats it may pose. UK Finance, the industry body, emphasised that banks are making efforts to manage these risks, while regulators continue to monitor the situation closely.
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Taiwan’s GlobalWafers confirmed on Friday that its investments in the US are proceeding as planned, despite potential changes under the US CHIPS Act. The company has been awarded $406 million in government grants to expand its silicon wafer production in Texas and Missouri. However, the Biden administration is considering changes to some CHIPS Act funding, which has raised concerns for GlobalWafers, as sources indicated there could be delays or renegotiations of some semiconductor-related disbursements.
GlobalWafers CEO Doris Hsu stated that the company has not yet received any notifications regarding changes to its subsidy terms. She emphasised that, if adjustments to the CHIPS Act do occur, the company would need to reassess its investment strategy in the US. Hsu added that the decision would depend on factors such as US demand, pricing conditions, and potential tariffs, though she noted that these scenarios are still hypothetical at this stage.
The company is moving forward with its expansion plans across three US plants, with funding tied to specific milestones. Hsu reassured that the planned investments are continuing according to schedule, with no immediate changes to the company’s strategy. GlobalWafers remains optimistic about its US operations, bolstered by its existing factories in the country and its strong global presence.
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